Universal Stainless & Alloy (USAP) Misses Q4 EPS by 5c
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Universal Stainless Reports Fourth Quarter 2021 Results
January 26, 2022 6:45 AM ESTQ4 2021 Sales of $43.2 million up 16.3% sequentially and 38% year over year; Premium alloy sales are 16.3% of salesQ4 2021 Gross margin improves to 8.7% of sales, highest reported since Q4 2019, versus 6.2% in Q3 2021 Q4 2021 Net loss is $1.6 million, or $0.18 per diluted share Q4 2021 EBITDA is $4.1 million; Adjusted EBITDA is $4.0 millionQuarter-end Backlog is record $134.5 million, up 7.5% from Q3 2021, 180.5% above year-end 2020Board approves two additional Vacuum-Arc Remelt (VAR) furnaces
BRIDGEVILLE, Pa., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy... More
